Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the Business Park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche, dentist and two café outlets, including Greggs. The Teesside Retail Park and Leisure Scheme, which includes a David Lloyd Club, is located towards the north-east of the Business Park.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a purpose built, detached office building currently arranged to provide six office suites. The office accommodation benefits from raised floors, category II lighting and 2.8m floor to ceiling height. The property benefits from the use of shared car parking with other buildings on the estate.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

EPC

Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor

Use

Floor Areas (Approx)

Tenant

Term

Rent p.a.x (gross)

Reversion

Ground

Office

235.97 sq m

(2,540 sq ft)

VACANT POSSESSION

First

Office

44.13 sq m

(475 sq ft)

VACANT POSSESSION

First

Office

57.51 sq m

(619 sq ft)

SOLUTIONS WEALTH MANAGEMENT (1)

3 years from 01/06/2015

£9,000 (2)

Holding Over

First

Office

26.76 sq m

(288 sq ft)

RIOBA GROUP LTD

3 years from 01/12/2017

£3,645 (2)

30/11/2020

First

Office

59.27 sq m

(638 sq ft)

EQUINITY TECHNOLOGY LIMITED (3)

5 years from 01/10/2018 (4)

£7,800 (2)

30/09/2023

First

Office

37.53 sq m

(404 sq ft)

INTEROCEAN PERSONNEL SERVICES (UK) LIMITED (5)

5 years from 01/07/2013

£8,000 (6)

Holding Over

Total

461.17 sq m

(4,964 sq ft)

£28,445

(1) Established in 2009, the team at Solutions Wealth Management Ltd has many years’ experience providing practical financial planning advice to people, families and businesses in the North East, North Yorkshire and surrounding areas. (Source: solutionswealthmanagementsites.simplymembersites2.co.uk 15/01/2019).(2) Rent inclusive of service charge and insurance.(3) Equinity is a leading-edge, web-based horse welfare, training and yard management tool (Source: equinitytechnology.com 15/01/2019).(4) The lease to Equinity Technology Limited is subject to an option to determine on 01/10/2021.(5) For the year ending 31st December 2017, Interocean Personnel Services (UK) Ltd reported a turnover of £9,481,754, pre-tax profits of £43,463 and a total net worth of £1,771,479 (Source: Experian Group 15/01/2019)(6) Rent inclusive of service carge.